The Intraday US Stock Market Discussion Board
http://bbs.cobrasmarketview.com/
sold 94.70 for +.50agnosia wrote:all shorts covered on /es .. long crude 94.20
Thank you for all the details. Helps us to learn the reasonings for our trading.rhight wrote:Thanks. Completely customizable, and so the charts are only as good or informative as the you can make them. You can learn a lot free from their chart school area. Additionally, I've incorporated ideas from several reference books. A persons system can be TOO complicated, and mine probably is (the paralysis of analysis), I'm always bumping up against the annotation limit. But, I'm going to hit a home run one of these days, if I keep practicing. I'm convinced that this trader's market has become highly technical in its' short to intermediate term behavior (rather than fundamental) simply due to all the computer program trading. Here is the 60 min. chart. Really needs to hold here (1319) for the swing channel up is to continue. I see real problems if we dive through the 50 DMA (now 1317). Important cyclical trend line support (heavy line with 3 touches since March 2009 low) coming in at 1277 today. Big things happening in the international and debt markets, should be worrying, and don't know how the central bankers will react, or if they are running out of room to react. Just trying to survive in a very confusing world.99er wrote:rhight:
Great chart! So informative at just one glance. StockCharts sure looks appealing as a charting tool.
“right”: nice chart and commentary! I am also keeping in mind the Kabuki, inherent to an OpEx week, even in these crazy times…Reversal “bullish” moments are a must of this dance, and they will very probably happen violently! Fabricated news should help such “events”…rhight wrote:Thanks. Completely customizable, and so the charts are only as good or informative as the you can make them. You can learn a lot free from their chart school area. Additionally, I've incorporated ideas from several reference books. A persons system can be TOO complicated, and mine probably is (the paralysis of analysis), I'm always bumping up against the annotation limit. But, I'm going to hit a home run one of these days, if I keep practicing. I'm convinced that this trader's market has become highly technical in its' short to intermediate term behavior (rather than fundamental) simply due to all the computer program trading. Here is the 60 min. chart. Really needs to hold here (1319) for the swing channel up is to continue. I see real problems if we dive through the 50 DMA (now 1317). Important cyclical trend line support (heavy line with 3 touches since March 2009 low) coming in at 1277 today. Big things happening in the international and debt markets, should be worrying, and don't know how the central bankers will react, or if they are running out of room to react. Just trying to survive in a very confusing world.99er wrote:rhight:
Great chart! So informative at just one glance. StockCharts sure looks appealing as a charting tool.
Thanks!!Cobra wrote:The model measures mainly breadth, it's rare for the breadth to take a sharp turn on a single day selling.AK84 wrote:just wondering why not ?Cobra wrote:not a chance.alvian33 wrote:will your model be in sell after today? thanks
charts look bearish for short term
Wow. That's a pretty cavalier response.Cobra wrote:back test the high still is possible, it's really rare we simply tank from here. but anyway, who cares, I'm shorting now. will worry about bulls the other day.alvian33 wrote:cobra, still think an accelerated car can not back down
yay~ i like this chart :mrgreen: thanksuempel wrote:This chart should be helpful :)
DCS wrote:Wow. That's a pretty cavalier response.Cobra wrote:back test the high still is possible, it's really rare we simply tank from here. but anyway, who cares, I'm shorting now. will worry about bulls the other day.alvian33 wrote:cobra, still think an accelerated car can not back down
Your analysis last week was bullish. Today we drop almost 2% SPX. It's not surprising some of your followers have legitimate questions, like "Hey man, is this drop is a game changer?"
Mebbe I'm missing something, but that seemed like an odd way to reply.
They always are! Thank you!uempel wrote:This chart should be helpful
Let's not forget that Cobra is providing us with his analysis FOR FREE. Maybe he's wrong this time and the market won't make a new high but he's been mostly right in the past. Also let's not forget that he has absolutely NO responsibility of providing any info to us and carries NO responsibility to his followers.DCS wrote:Wow. That's a pretty cavalier response.Cobra wrote:back test the high still is possible, it's really rare we simply tank from here. but anyway, who cares, I'm shorting now. will worry about bulls the other day.alvian33 wrote:cobra, still think an accelerated car can not back down
Your analysis last week was bullish. Today we drop almost 2% SPX. It's not surprising some of your followers have legitimate questions, like "Hey man, is this drop is a game changer?"
Mebbe I'm missing something, but that seemed like an odd way to reply.
i hate trending. in a strong trend, a lot of things got screwed up. the truth got masked, such price behavior. the first line of sup 1314 held. now we are heading toward 1321 res. as long as 1321-22 still inplay, i will take it as a continuous pattern.soku wrote:i love this market. full of manipulation, full of volatility, full of chance.
the bad part is i was fooled by the market and close my shorts at 1321. now 1321-22 area becomes res and there is weak support around 1314-1316, another weak one around 1310, and a strong support at 1301
no doubt. We're lucky Cobra provides his insight for free. There are plenty of people charging lots of money for worthless garbage. The name Aphahorn comes to mind.alvian33 wrote:yeap, Cobra is great, some calls can be off, but this is the business of trading, overall he rocks
I think Cobra's response was more in line of a joke. He does the best TA out there.DCS wrote:Wow. That's a pretty cavalier response.Cobra wrote:back test the high still is possible, it's really rare we simply tank from here. but anyway, who cares, I'm shorting now. will worry about bulls the other day.alvian33 wrote:cobra, still think an accelerated car can not back down
Your analysis last week was bullish. Today we drop almost 2% SPX. It's not surprising some of your followers have legitimate questions, like "Hey man, is this drop is a game changer?"
Mebbe I'm missing something, but that seemed like an odd way to reply.
